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>To Buy or To Rent >When you first arrive in Canada, you will probably be >living in a temporary home. You will soon be looking >for a more permanent place to live. Canada has many >different types of housing and a wide range of prices. >Finding the right place will take some time and >effort. Your first decision will be whether >to rent a house or an apartment, or to buy a house. >Whether you rent or buy will depend on your personal >finances and whether you already >have a job in Canada. Most newcomers decide they >should first rent a house or apartment. This gives >them more time to save money to buy a house and to >decide where they want to live. >If you want to buy a house, unless you can pay the >full price, you will need to get a longterm >loan called a mortgage. Mortgage loans are provided by >banks and other financial institutions. >They decide whether the borrower has enough income, >more assets than debts, and a good credit rating. >Most will ask you to pay at least five percent of the >cost of the house from your own money. >visit: <a rel=nofollow target=_blank >href="http://settlement_in_canada.sitesled.com/buy.htm" >>http://settlement_in_canada.sitesled.com/buy.htm</a>
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